Dubai’s freehold property market has put together its best three successive quarters since 2008, but new investors prefer only the established communities.
This factor is propelling value gains in communities such as Arabian Ranches, The Springs and Jumeirah Islands in recent weeks and is why a villa on the Palm Jumeirah could command Dh17,200 a square metre in a recent transaction.
Activity within the Burj Downtown was helped by the Arab Spring and the subsequent flight of capital to safe havens. Meanwhile, resident end-users had Business Bay in their sights, especially the set of high-rises fronting on to Shaikh Zayed Road.
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